Telecom Firms Seek Open Court Hearing On AGR Pleas
[ By Bobby Anthony ]Vodafone Idea and Bharti Airtel have sought open court hearings of their pleas which seek a review of the Supreme Court verdict on Adjusted Gross Revenue (AGR).Justice Arun Mishra stated that he would speak to the Chief Justice of India S A Bobde about the matter.Telecom firms are supposed to pay Rs 92,000 crore in dues to the government by January 23 following the court...
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Vodafone Idea and Bharti Airtel have sought open court hearings of their pleas which seek a review of the Supreme Court verdict on Adjusted Gross Revenue (AGR).
Justice Arun Mishra stated that he would speak to the Chief Justice of India S A Bobde about the matter.
Telecom firms are supposed to pay Rs 92,000 crore in dues to the government by January 23 following the court order in October last year.
The Supreme Court had ordered telecom carriers, including telecom majors Bharti Airtel Ltd and Vodafone Idea Ltd, to pay the government as much as Rs 92,000 crore (USD 13 billion) in past dues, which includes penalties and interest.
A bench headed by Justice Arun Mishra said telcom companies will have to shell out the dues. Department of Telecom's (DoT) total demand is estimated around Rs 92,000 crore.
“We allow the appeals of the DoT. The gross revenue will prevail as defined as gross revenue,” said the court citing no further exercise should take place in connection with the re-calculations regarding the dues.
The Supreme Court specified that there should not be any further litigation on the matter. The Supreme Court also passed a separate order on the specific time frame for the telecom companies to pay their dues.
